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Forex Flash: Aussie to stem bearish tide after RBA rate cut – NAB
November 1, 2011FXstreet.com (Barcelona) – The AUD/USD is at 1.0483, still holding any major slide after sellers… For more information, read our latest forex news. FXstreet.com: Latest News
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RBA: Cash rate slashed to 4.5%, more neutral stance of monetary policy appropriate
November 1, 2011FXstreet.com (California) – In the RBA rate statement published on Tuesday, RBA Governor, Glenn… For more information, read our latest forex news. FXstreet.com: Latest News
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Another Earthquake Strikes New Zealand
June 13, 2011Interest rate hike for kiwi likely pushed back Many forex traders have been hoping for an interest rate hike for New Zealand, but that is unlikely, given that there has been another earthquake in Christchurch. Now, with efforts hindered in rebuilding after the last earthquake, New Zealand policy makers are likely to hold off on [...]
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Prepare for Thursday’s ECB interest rate decision
April 7, 2011The European Central Bank (ECB) is deciding on its next monetary move on Thursday 7 April at 11:45 GMT. This time around the market is pricing in the first interest rate hike following the financial crisis three years ago. During the last interest rate meeting ECB President Jean Claude Trichet expressed the central bank’s growing [...]
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Euro Forex Trading Forecast: ECB Rate Decision Tomorrow
April 7, 2011Euro consolidates in preparation for tomorrow’s decision While other high beta currencies surge to new highs against the U.S. dollar, the euro is mostly in consolidation mode ahead of tomorrow’s ECB rate decision. Currencies like the Canadian dollar and the Australian dollar are much higher against the greenback in currency trading on the FX market. [...]
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Prepare for Thursdays ECB interest rate decision
April 6, 2011The European Central Bank (ECB) is deciding on its next monetary move on Thursday 7 April at 11:45 GMT. This time around the market is pricing in the first interest rate hike following the financial crisis three years ago. During the last interest rate meeting ECB President Jean Claude Trichet expressed the central bank’
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United Kingdom ILO Unemployment Rate rises to 8% from 7.9%; Claimant Count Rate steadies at 4.5%
March 16, 2011FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news. FXstreet.com: Latest News
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British Pound Continues Gradual Ascent
March 16, 2011The British Pound has risen almost 15% against the Dollar over the last twelve months. It seems that the markets are ignoring the fiscal concerns that sent the Pound tumbling in 2010, and focusing more on inflation and the prospect of interest rate hikes. At this point, the Bank of England (BOE) is now racing [...]
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Chinese Yuan: Further Appreciation is Inevitable
February 22, 2011Relatively speaking, the Chinese Yuan has been on a tear, appreciating ~1% in a little more than a month. One has to wonder whether this is a concession by the People’s Bank of China (PBOC) that its exchange rate regime is not viable or whether its instead a political sop. The question on everyone’s minds, [...]
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UK Jobless Claims Signals Worsening Labour Market
January 20, 2011Yesterday employment figures showed that overall employment fell 0.3% with a loss of 69,000 jobs. Jobless Claims fell 4.1k in December after falling 3.2k in November, the lowest level for 21 months. The claimant count (4.5%) and ILO unemployment rate ( 7.9%), remained unchanged. The expectations for the labour market this year are poor w [...]
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Mortgage rates rise toward 5 per cent
December 9, 2010National average mortgage rates are on the rise in the United States as jobless claims are improving and the economy appears to be improving. The national average 30-year fixed rate Thursday (December 9) morning is 4.91 per cent according to Bankrate.com, compared with an average mortgage rate of 4.66 per cent on Thursday last week. [...]
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AUSTRALIAN DOLLAR CONTINUES ITS BULLISH TREND
December 7, 2010Australia’s central bank kept its key cash rate unchanged at 4.75% after its meeting finished overnight. The announcement was widely expected following a pre-emptive hike last month. Markets now expect the central bank to leave rates on hold for a few months to come. In making its statement, the RBA referred to the volatility in [...]
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IRISH DEBT CONCERNS WEIGHS DOWN ON EURO PRICE MOVEMENT
November 8, 2010Reaching highs of $1.428 versus the USD after last Wednesday’
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Forex: AUD/USD, capped at 1.0000
November 3, 2010FXstreet.com (Barcelona) – Australian Dollar pushed higher yesterday fuelled by the RBA rate hike,… For more information, read our latest forex news.
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Dollar weakens against major currencies
September 29, 2010The euro, pound and yen are among major currencies that have taken advantage of a weaker dollar again this week. The dollar, already sluggish in lieu of ongoing unemployment concerns, slid further following the Fed’
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Interest rates remain low as economic concerns persist
August 27, 2010National average mortgage rates remain historically low and there appears to be no end in sight to the Fed’
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Gold moving toward $1,200
August 6, 2010The price of gold is currently (August 5) just below $1,195 after it briefly touched $1,200 on August 4th. Gold prices have been on a rebound after more than a $100 downward correction from the all-time high in late June of $1,261. The gold spot rate hit $1,157 just over a week ago on July [...]
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Fed Mulls Options for Next Week’s Meeting
August 5, 2010Next week, the Open Market Committee (OMC) of the Federal Reserve Bank will hold its monthly meeting. Even without checking futures prices, it’s obvious that the probability of an interest rate hike is nil. [In fact, the odds of a rate hike in November have already converged to 0%]. Why, then, are investors keenly awaiting [...]
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MARKET SENTIMENT TURNS NEGATIVE ON BERNANKE COMMENTS
July 22, 2010On Monday, Federal Reserve Chairman Ben Bernanke, delivered the Monetary Policy Report to Congress. The highlight of the report was the Chariman’